49 CFR 29.404
§ 29.404 When must the Department transfer funds that were not paid as part of the initial lump sum payment (or initial periodic payment)?
United States · 49 CFR — Transportation · Status: effective
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- Citation
- 49 CFR 29.404, § 29.404 When must the Department transfer funds that were not paid as part of the initial lump sum payment (or initial periodic payment)?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/254685
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Full text
The Department must transfer any funds that were not paid in the initial lump sum payment (or initial periodic payment) within 10 days after the apportionment of such funds by the Office of Management and Budget to the Department, unless the funding agreement provides otherwise. Consistent with the Prompt Payment Act, the Department is not responsible for any interest penalty if the Department makes the transfer within 30 days.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.